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Top World News

NEW YORK (AP) ? How time flies in this very mad world! It seems like only yesterday that the 1960s were dawning for Don Draper, his family and his comrades at the Sterling Cooper advertising agency. Now, as if in the blink of an eye, the '60s are waning as "Mad Men" nears the end of its glorious run.

BUENOS AIRES, Argentina (AP) ? Transportation unions brought Argentina to a standstill on Tuesday with a one-day national strike to protest income tax rates and high inflation they say is eroding their earnings.

LAUSANNE, Switzerland (AP) ? Nuclear talks between Iran and six world powers could be extended past Tuesday's deadline for the outline of an agreement if enough progress is made to justify it, the White House said.

Business News

(Reuters) - Amazon.com is in talks to buy online luxury retailer Net-a-porter in what could be the biggest acquisition yet for the e-commerce giant, but the negotiations are in early stages and could fall apart, Forbes reported, citing a person familiar with the matter. The potential deal, first reported by Women's Wear Daily, could value Net-a-Porter lower than the valuation of 2 billion euros ($2.16 billion) reported by the fashion industry trade journal, Forbes reported on Thursday, citing the person. Seattle-based Amazon has long eyed the high-end fashion retail sector and any deal for Net-a-Porter would mean a new commitment in an area where the company lacks a strong presence, Forbes said. Media reports in 2014 said Amazon was in talks to buy Indian fashion retailer Jabong.com for $1.2 billion.

(Reuters) - Twitter Inc launched a video streaming app called Periscope on Thursday, just days after reports that it had blocked a rival app called Meerkat. Meerkat relies heavily on Twitter and has become hugely popular in the month since its launch. Twitter's announcement comes on the same day that Meerkat unveiled a list of investors that included Silicon Valley venture capitalists Greylock Partners and Sound Ventures, Ashton Kutcher's fund.

By Andrea Shalal WASHINGTON (Reuters) - The famed Pentagon research arm that gave the world the Internet and the miniaturized GPS receivers used in consumer devices said on Thursday one of its key goals now is to ensure U.S. troops do not get left behind as technologies advance at a lightning pace. Arati Prabhakar, director of the Pentagon's Defense Advanced Research Projects Agency, said easy access to once-proprietary products and the fast pace of commercial technological development threaten the U.S. military's competitive edge, and underscore the need for change. "Pace today matters on every scale," Prabhakar told the House Armed Services Committee's subcommittee on emerging threats and capabilities. She called for a shift away from complex military systems that take decades to produce and toward far more nimble and adaptive systems.